Updated Oct 29, 2024
Randolph Street Realty Capital Acquires Multifamily Property In Arlington Heights For $25M
2302 South Goebbert Road, Arlington Heights, IL, USA
$25,000,000
$35,714/SF
Building Size
700 SF
Asset Type
MultiFamily
Closing
Jan 13, 2021
About this deal
AI
The multifamily property located at 2302-2416 S. Goebbert Road in Arlington Heights has been sold for a total price of $25,000,000. The transaction was completed on January 14, 2021. The property consists of 185 units, resulting in a per unit price of $135,135. The buyer of the property is Randolph Street Realty Capital, while the seller is Lawton Realty Group.
Summary of Transation Details:
- Property Type: Multifamily
- Transaction Amount: $25,000,000
- Address: 2302-2416 S. Goebbert Road, Arlington Heights
- Market: Arlington Heights
- Units: 185
- PPU: $135,135
The deal was facilitated by CBRE, with brokers including John Jaeger, Dan Cohen, Justin Puppi, and Nisha Mishra representing both the buyer and seller in the transaction.
On the Map
$25,000,000
$35,714/SF
MultiFamily
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Players
Arlington Heights MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93